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First Nickel Inc. FNKLF

Metals & Mining Industrial Metals & Minerals
"First Nickel Inc was incorporated as 2035666 Ontario Inc., under the laws of the Province of Ontario on November 12, 2003. The Company is a Canadian mining company focused on becoming a mid-tier base metal producer through the successful mining, exploration, development and acquisition of opportunities throughout North America."


GREY:FNKLF - Post by User

First Nickel Inc.
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Comment by victor75on Jun 03, 2008 3:39pm
219 Views
Post# 15140597

RE: shareholder rights plan

RE: shareholder rights plan

Lots of info on this topic if you google it. An example:-

https://www.otpp.com/web/website.nsf/web/guidelines_shareholderrightsplans

Certainly, whether manipulated to that level (shorting?), the FNI share price is very cheap and appears significantly undervalued right now, which naturally makes them a potential take-over candidate for another company that wishes to acquire some good cheap assets (production + exploration potential).

The current market cap of around $53 million would represent chump change for a major like Xstrata, CVRD or even FNX Mining (coffee shop talk). Also some rumours regarding Victory Nickel (NI) at their recent AGM.

It will be interesting to see what happens after FNI's June 19th AGM.

Victor

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities